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Millions of Americans were duped by the federal government and the Federal Reserve into buying homes they could not afford and failed to count the cost. When the financial crisis of 2008 hit, they could not keep up the monthly mortgage payments and defaulted.
Mark Skousen
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"Millions of Americans were duped by the federal government and the Federal Reserve into buying homes they could not afford and failed to count the cost. When the financial crisis of 2008 hit, they could not keep up the monthly mortgage payments and defaulted."
— Mark Skousen #moneywealth #politicsgovernment

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Millions of Americans were duped by the federal government and the Federal Reserve into buying…

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Millions of Americans were duped by the federal government and the Federal Reserve into buying homes they could not afford and failed to count the cost. When the financial crisis of 2008 hit, they could not keep up the monthly mortgage payments and defaulted. — Mark Skousen

About Mark Skousen

Mark Skousen was a Economist from United States (1947–present).

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Frequently Asked Questions

Who said "Millions of Americans were duped by the federal government and the Federal Rese…"?
This quote is attributed to Mark Skousen, a Economist from United States.
When did Mark Skousen live?
Mark Skousen lived from 1947 – present.
What is this quote about?
This quote touches on Money & Wealth, Politics & Government. Browse more quotes on these themes from the categories page.